News

Proposed Disposal Of The Entire Shareholding And Voting Rights In Alangka-suka Paris ("ASP"), Holiday Villa Lafayette Paris ("HVLP") [Wholly-owned Subsidiary Held Via ASP] And Legenda De Malaisie ("LDM"), Indirect Subsidiaries Of ASB Held Via Alangka-suka Hotels & Resorts Sdn Bhd ("ASHR"), A Wholly-owned Subsidiary Of ASB

BackMay 09, 2014

Type	Announcement
Subject	OTHERS
Description	ADVANCE SYNERGY BERHAD (“ASB” OR THE “COMPANY”) PROPOSED DISPOSAL OF THE ENTIRE SHAREHOLDING AND VOTING RIGHTS IN ALANGKA-SUKA PARIS (“ASP”), HOLIDAY VILLA LAFAYETTE PARIS (“HVLP”) [WHOLLY-OWNED SUBSIDIARY HELD VIA ASP] AND LEGENDA DE MALAISIE (“LDM”), INDIRECT SUBSIDIARIES OF ASB HELD VIA ALANGKA-SUKA HOTELS & RESORTS SDN BHD (“ASHR”), A WHOLLY-OWNED SUBSIDIARY OF ASB
The Board of Directors of ASB wishes to announce that ASHR has on 7 May 2014 entered into 2 Share Purchase Agreements (“SPA”) with Maranatha, a legal entity incorporated under the Laws of France with a share capital of EURO7,000,000, located at 148 traverse de la Martine Bâtiment A1, 13 011 MARSEILLE, registered with the MARSEILLE Register of Companies under number 500 162 979, represented by Mr Olivier Carvin, the President, or any other representatives (“the Purchaser”), for the Purchaser to acquire the Group’s entire shareholding and voting rights (“Shares”), free from all securities, fees, options or other engagements in ASP, HVLP and LDM (“Acquiree Companies”) at the value or price as defined in the attached announcement (“Proposed Disposal”). Further details are as set out in the attached announcement.